It is near certain there will be sweeping tax legislation in 2017, but not of the sort many expected. Looking back over 2016, there were a few significant tax changes but many proposals and much speculation concerning tightening of regulations and new taxes. Prior to the election, there were expectations of the proposals coming to fruition under a Clinton administration. With the election of Donald Trump as the 45th President, this is no longer the case. Many scenarios are possible, but bear in mind lower income tax rates may not occur until 2018 and estate tax changes may be even more remote, if at all.